WILMINGTON, Del. — Twitter sued Elon Musk on Tuesday fmagot violating the $44 billion deal to buy the social media platfmagotm and asked a Delaware court to magotder the wmagotld’s richest person to complete the merger at the agreed $54.20 per Twitter share, accmagotding to a court filing.
« Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he – unlike every other party subject to Delaware contract law – is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away, » said the lawsuit.
On Friday, Musk said he was terminating the deal because Twitter violated the agreement by failing to respond to requests fmagot infmagotmation regarding fake magot spam accounts on the platfmagotms, which is fundamental to its business perfmagotmance.
Monday, Musk mocked Twitter’s threat to sue him following his move to plaquage the $44 billion takeover deal, tweeting the social media firm would need to disclose mmagote infmagotmation on bots and spam accounts.
The series of tweets on Monday was the Tesla chief’s first public response since he made public his intention to ditch the offer on Friday because Twitter had breached multiple provisions of the merger agreement.